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KKR is to acquire a significant minority stake Arbor Pharmaceuticals. Financial terms of the transaction have not been disclosed.
Acquired by its current investor group in 2010, Arbor markets branded prescription products for the cardiovascular, hospital, and paediatric markets as well as generic products through its Wilshire division. The company has completed over twenty acquisition, licensing, or product development transactions over the past four years and has multiple products filed with the FDA as well as several branded and generic products in late-stage development.
“Arbor is led by an accomplished management team with a track record of building and scaling
ALFI, the Association of the Luxembourg Fund Industry, has moved to clarify the position of Luxembourg-domiciled funds in relation to the recent discussions on the so-called “LuxLeaks”.
Luxembourg-domiciled investment funds are subject to an annual subscription tax (“taxe d’abonnement”) calculated on their assets under management. In contrast, the vast majority of other countries do not apply any taxation at all on a fund level.
The quasi-totality of Luxembourg investment funds, and more specifically ‘UCITS’ funds, do not need, nor do they obtain, rulings.
At times, real estate or private equity funds, which represent only a few tens of billions of
The latest figures for Jersey’s finance industry reflect a particularly strong performance for the funds sector, with the value of funds business in the island reaching the highest level in five years.
The statistics highlight that the net asset value (NAV) of regulated funds increased by GBP5 billion in the third quarter of 2014, and by around 5.5% year-on-year, to reach just over GBP205 billion, the highest figure since March 2009. In addition, the total number of regulated funds rose by 21 during the quarter.
This was led by another strong performance in the alternative asset classes, with private equity
Ektron has closed a second round of equity funding with Accel-KKR. This increased investment follows the investment made by Accel-KKR in April 2014, which was the company's first institutional round.
Terms of the deal have not been disclosed.
"Accel-KKR’s increased investment provides strong support for Ektron as it delivers upon its vision and mission to provide solutions to customers that allow them to deliver consistent, relevant, and rich online experiences across all channels," says Ektron President, Tim McKinnon. "Ektron is proud to be making a very real difference in driving hard dollar value for organizations from their digital investments
Emerging market private equity firm Actis, has made a significant investment in Université Centrale Group (Université Centrale), a provider of private tertiary education in Tunisia.
Founded and managed by the Ben Turkia family, the university’s four schools offer courses across medical, legal, engineering and business disciplines.
Rick Phillips, Partner and Head of North Africa at Actis, says: "There is a clear growth in demand for high quality tertiary education across emerging markets. Actis has invested behind this trend repetitively across Asia and Latin America. We are delighted to be partnering with the Ben Turkia family and joining the next stage
CurrencyEvolution.com, one of the world's largest Bitcoin projects, is exiting stealth-mode after twelve months of strategic acquisitions and development and officially seeking venture capital funding.
“Our exclusive goal is to bring Bitcoin to the masses on a global scale,” says founder Niko Younts. “While we recognise our conceptual digital blueprint is an ambitious one, we also fully comprehend the unparalleled opportunity and value of what we have created to date. Bitcoin venture capital funding has recently surpassed the USD400m milestone and we’re looking to add our name to the history books as an early adopter and global marketing contributor.”
At
Duke Street, the first private equity investor to enter the post-reform legal services market, is increasing its investment in Parabis Group to help fund significant development and change.
The GBP13 million investment underscores Duke Street’s long-term commitment to Parabis and will enable the Group to capitalise further on opportunities presented by accelerating change in the legal services sector.
The new capital will help to fund an ambitious programme of investment in people, property and technology creating a modern infrastructure which allows Parabis to continue to be innovative and competitive in its delivery of high quality services.
Over the
Newly launched Touchdown Ventures is aiming to become the preeminent partner for corporations looking to establish, grow and manage their venture capital platforms.
The firm, founded by investment professionals from Comcast Ventures and DFJ Frontier, will initially partner with companies seeking to invest in education, human capital, digital media, entertainment, and retail-focused startups. Apollo Education Ventures, LLC, the newly formed venture capital platform of Apollo Education Group APOL, -0.12% is among the firm’s initial partners.
“US corporations have USD2 trillion on their balance sheets and are increasingly looking to put this capital to use by supporting new and innovative ventures,”
Lion Capital is to acquire PittaRosso from 21 Investimenti SGR (“21 Investimenti”), a leading mid-market European private equity group, and other minority shareholders including members of the founding family.
21 Investimenti will support Lion Capital and the management, retaining a minority stake in the business. The terms of the transaction were not disclosed.
Founded in the 1920’s by the Pittarello family and transformed into a solid family-run retail chain, PittaRosso was acquired by 21 Investimenti in 2011. Under 21 Investimenti’s ownership and the stewardship of the CEO Andrea Cipolloni and his team, the company has more than doubled its store
North Capital Investment Technology has closed its seed funding round of USD1 million, attracting support from major institutional investors including JFO, Karlani Capital and Green Visor Capital.
The funding enables the San Francisco-based private placement technology company to continue technology innovation, roll out proprietary funding platforms and hire staff to support its growing broker-dealer, North Capital Private Securities Corporation (NCPS).
Green Visor Capital General Partner Michael Walsh said the private securities markets are in the early stages of a period of unprecedented change. General solicitation and crowdfunding will drive transparency and broader distribution, leading to a deeper and more liquid
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